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Bitcoin (BTC) failed to regain the $70,000 level, and large long positions in the futures market were liquidated, causing Bitcoin to drop to $67,300 on the 22nd. According to data from the on-chain analysis platform CoinGlass on the 22nd, the amount of long position liquidation in the Bitcoin futures market on the 21st was about $123 million.
2. Ripple co-founder donates $10 million worth of XRP to Harris' campaign
Ripple co-founder Chris Larsen announced on the 22nd that he donated $10 million worth of Ripple (XRP) to Vice President Harris' election campaign as a show of support. On his X account on the 22nd, he said that he supports Harris and the Democratic Party as they will introduce a new approach to technology and innovation, especially cryptocurrency.
3. Futures market sees increase in long bets despite Bitcoin's decline
While Bitcoin fell about 2% from the previous day to $67,000, long positions in the Bitcoin futures market continued to increase. According to data from the derivatives analysis platform Laevitas on the 22nd, Bitcoin long position betting contracts were further extended, and the Bitcoin futures premium in the futures market reached about 10%.
4. European investors make record investments in US Bitcoin spot ETFs
It was revealed that the amount invested by European investors in Bitcoin spot exchange-traded funds (ETFs) in the US reached a record high of $105 billion on the 21st. Bloomberg ETF researcher Eric Balchunas explained on his X account on the 21st that the inflow of European investors' funds into Bitcoin spot ETFs has increased by about 24% since the beginning of the year.
